Legal Accounting Services | ABM
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Expert Legal Accountants for Lawyers & Law Firms
The legal profession is demanding—lawyers and law firms often face intense workloads, strict regulations, and the responsibility of managing client funds with absolute accuracy. On top of this, handling tax, payroll, and compliance adds another layer of complexity. That’s where our team of specialist legal accountants comes in.
At ABM, we provide tailored legal accounting services designed for solicitors, barristers, and law firms of all sizes. Whether you’re an independent lawyer, a small law firm, or a growing practice, we help you manage finances with complete accuracy and compliance—leaving you free to focus on your clients.
Why Legal Accounting Matters
Accounting for legal firms goes far beyond standard bookkeeping. Law firms must adhere to strict rules, especially when managing client funds, legal aid payments, or complex billing structures. Choosing an accountant who understands the legal sector ensures you remain compliant while keeping your finances optimised.
Our specialist legal accountants provide support with:
- Compliance with Solicitors Regulation Authority (SRA) Accounts Rules.
- Trust and client account reconciliations.
- Billing and time-tracking systems.
- VAT for law firms.
- Payroll and staff management.
- Annual accounts and tax planning.
With ABM, you gain a trusted partner who understands both the legal framework and the financial systems your firm relies on.
Our Legal Accounting Services
We offer a full range of accounting services for law firms and lawyers, tailored to your needs:
1. Bookkeeping & Financial Records
Accurate, up-to-date records are vital in the legal profession. We manage your daily bookkeeping, ensuring all income, expenses, and transactions are recorded correctly.
2. Trust & Client Account Management
Law firms must maintain clear separation of client money and office funds. Our expertise in legal accounting for lawyers ensures compliance with SRA Accounts Rules and reduces the risk of costly errors.
3. Payroll & Staff Management
Whether you employ paralegals, clerks, or a wider legal team, we provide reliable payroll services, pension management, and HMRC compliance.
4. Tax Planning & Compliance
As experienced legal accountants, we help reduce tax liabilities while keeping your law firm compliant. From VAT submissions to corporation tax, our proactive approach ensures you never miss a deadline.
5. Management Accounts & Reporting
We provide tailored financial reports, giving you insights into profitability, cash flow, and performance—essential for both small law firm accounting and larger practices.
6. Cloud Accounting for Lawyers
We integrate cloud solutions like Xero and QuickBooks, making lawyer accounting more efficient with real-time data access, automated reporting, and easy collaboration with partners.
7. Strategic Growth Advisory
Beyond compliance, we act as your financial advisor, helping law firms plan for growth, streamline billing, and improve profitability.
Accounting for Lawyers: Tailored to You
We understand that not all lawyers have the same needs. That’s why we tailor our accountancy for lawyers services depending on whether you are:
- Independent Solicitors or Barristers: We simplify tax, bookkeeping, and compliance so you can focus on your practice.
- Small Law Firms: We offer cost-effective small law firm accounting solutions to handle payroll, accounts, and compliance without heavy overheads.
- Large Practices: We provide advanced reporting, audit preparation, and compliance support to keep your firm efficient and future-ready.
Why Choose ABM?
When it comes to accounting for lawyers and law firms, experience matters. Here’s why ABM is the trusted choice:
- Specialist Legal Expertise: We are skilled in legal accounting for law firms and understand SRA regulations in detail.
- Tailored Solutions: Flexible packages for solo lawyers, small firms, and large practices.
- Proven Track Record: Trusted by legal professionals across London and the UK.
- Cloud-Based Efficiency: Digital solutions that simplify legal accounting.
- Transparent Pricing: No hidden fees—just reliable, affordable support.
Legal Accounting in London & Across the UK
Whether you’re a solicitor in the capital or part of a growing regional practice, our team provides expert legal accounting services across London and the UK.
From accounting for law firms in London to specialist accountancy for lawyers in regional areas, we deliver nationwide support. Our hybrid approach means we can work both online and in-person, giving you maximum flexibility.
The Benefits of Professional Legal Accountancy
By outsourcing your legal accounting services to ABM, your law firm benefits from:
- Regulatory Compliance: Stay fully compliant with SRA rules and HMRC.
- Time Savings: Focus on client work while we handle financial management.
- Financial Clarity: Get clear insights into profitability and cash flow.
- Reduced Risk: Avoid costly penalties and errors with expert oversight.
- Growth Support: Use our financial advice to scale your practice effectively.
Frequently Asked Questions (FAQs)
Q1: Do all law firms need specialist legal accountants?
Yes. Law firms must follow strict financial rules, especially regarding client funds. A specialist legal accountant ensures compliance and protects your reputation.
Q2: Can you help with small law firm accounting?
Absolutely. We provide cost-effective accounting services for small law firms, covering bookkeeping, tax, and payroll.
Q3: Do you work with lawyers outside London?
Yes. While we have many clients in London, we support lawyers and law firms across the UK.
Q4: What’s included in your legal accounting services?
Our services cover bookkeeping, tax planning, payroll, trust accounts, compliance, and financial reporting.
Q5: Do you offer cloud-based solutions?
Yes. We provide cloud lawyer accounting solutions for real-time access to your firm’s financials.
Partner with ABM
At ABM, we know that the legal profession demands precision, trust, and compliance at every step. Our tailored legal accounting services ensure your law firm meets its financial obligations while staying focused on delivering legal excellence.
Whether you need accountants for law firms, specialist accounting for lawyers, or full-service legal accounting management, ABM is here to help.
👉 Contact us today to our expert team of legal accountants can support your law practice.
